Vital Farms (VITL) to Release Quarterly Earnings on Thursday

Vital Farms (NASDAQ:VITL) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Vital Farms to post earnings of $0.16 per share and revenue of $160.32 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Vital Farms Trading Down 1.7 %

Shares of NASDAQ:VITL opened at $34.77 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 31.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24. The stock’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $35.65. Vital Farms has a 52-week low of $16.01 and a 52-week high of $48.41.

Insider Activity

In related news, CEO Russell Diez-Canseco sold 44,728 shares of Vital Farms stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.66, for a total transaction of $1,684,456.48. Following the sale, the chief executive officer now owns 613,797 shares of the company’s stock, valued at approximately $23,115,595.02. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Ohayer sold 24,000 shares of Vital Farms stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $38.19, for a total value of $916,560.00. Following the sale, the insider now directly owns 7,038,890 shares in the company, valued at $268,815,209.10. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,202 shares of company stock valued at $7,855,957 in the last ninety days. Corporate insiders own 27.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Vital Farms from $34.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their target price on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Craig Hallum assumed coverage on Vital Farms in a research report on Friday, December 20th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen raised their target price on Vital Farms from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $52.00 target price on shares of Vital Farms in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.57.

Vital Farms Company Profile

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.